130 Water Street E 14, Gananoque

$490,000
130 Water Street E 14

$490,000

New
25d
Condo Apartment1 Storey/Apt

130 Water Street E 14, Gananoque

Total Monthly Obligation $3,295

HausQ Valuation Report
Beds
2
Baths
2
Park
1
Sqft
1400-1599
DOM
25d
Score
30
Yield
9.2%
Cash on Cash
6.9%
Cap Rate
6.1%
5Y IRR
21.1%
10Y IRR
19.2%
Property Type-Condo Apartment
MLS® Number-X13834314
Beds-2
Bathrooms-2
Size-1400-1599 sqft
Listed on site-Sep 28, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$6,214 (2025)
Maintenance-$600.44/mo
Locker-None
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-REVEL REALTY INC., BROKERAGE
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Exterior-Concrete, Vinyl Siding
Possession-Flexible
Neighbourhood-05 - Gananoque
Title-Residential Condo & Other

No agent assigned

Welcome to Island Harbour Club. Experience modern waterfront living in the heart of the Thousand Islands. This stunning 2-bedroom, 2-bathroom ground-floor unit offers open-concept elegance with high ceilings, premium finishes, and expansive windows that fill the space with natural light. The kitchen features quartz countertops, sleek cabinetry, and stainless steel appliances, flowing seamlessly into the living and dining areas perfect for entertaining. The primary suite boasts a walk-in closet and spa-inspired ensuite, while the second bedroom is ideal for guests or a home office. Enjoy the convenience of in-suite laundry, secure underground parking, and a private terrace with views of the St. Lawrence River. Located steps from Gananoques vibrant downtown, marinas, parks, and trails, with easy access to Kingston . This boutique condominium offers a relaxed lifestyle in an unbeatable location.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$392,000
Land Transfer Taxes$6,275
Legal Fees (Est.)
$
Total cash required for closing$105,775

Total Monthly Obligation

$3,295/mo
Mortgage $1,977
Monthly Loss $2,775
Principal$520
Interest$1,456
Property Tax$518
Condo Fees$600
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
5.1%39
Cash-on-Cash
1.0%10
5-Year IRR
16.8%81
10-Year IRR
16.3%
Returns Index
43.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
30/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$45,144/yr
NOI
$24,810/yr
Net Cash Flow
$91/mo
Cash Margin
2.4%7
Cash Flow Index
7.5/ 100
Risk Profile
Weight: 20%
DSCR
1.0531
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo47
Risk Index
32.1/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 130 Water Street E 14

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.